 Today I have the distinct pleasure of speaking with George Putnam. How are you today, George? I'm fine Tracy. Thank you George, I want to start by congratulating you in a very challenging market conditions You've managed to raise money. So let's start with your news release Just recently put out about how you've raised money. Sure. Well at the beginning of this week on Monday We put out a press release That indicated that we'd raised 2.1 million Canadian At 10 cents a share and we're very pleased to announce to the markets that we did that but even as important is that this this raise completed a milestone that That we have been working on for some time in that it converts a debt To to an equity shareholder interest with a partner So the company is now debt-free and has a 20% financial partner in the project and we welcome Scandium investments LLC. We call them sill into the into the project excited to have them there And they're excited to be to be with us in the project We also in this press release announced the Very strong new board member addition to the Scandium board in in Andy Gregg Andy's former director and a senior VP of Bechtel, which is the worldwide engineering firm that that everybody that everybody knows and Andy's a wonderful addition to the board right at the right time as we go into our development of of our project happy to have Andy with us now and The other the other element to that press release, of course Was that we told the markets what we were doing next with the funding and that is getting started On our definitive feasibility study for Ningen Well, I just finished speaking with Jack Lipton, and I think Jack's quote was I've been very skeptical over Scandium for the last 50 years But now I am bull on Scandium and in fact He's planning on speaking about the whole supply chain of technology metals that are upcoming technology metal summit And he is again. He's very bull on Scandium now a number of people seem to be right now George And you've been a leader you've been you've been holding the flag for Scandium for many years now Can you tell us why all of a sudden it seems like everybody is talking about Scandium? I'm not as interested in why as I am excited to find other people in the tent with us We have been believers as you point out for for a number of years. It's a very interesting element. It's It's it's not a new element, but it's one that's got The world in front of it in terms of applications and uses we know what we all know what Scandium can be used for And when there is a reliable secure supply at reasonable prices It's going to be taken up aggressively. So Jack welcome into the tent with us. We we're happy to have you and of course now Scandium we have been discussing how the uses with renewable energy technology fuel cell technology But I understand that you like the the use of Scandium in aluminum Alloys, can you tell us as investors why George because we know you're an expert on this topic? Well, we like Scandium wherever we think it can go and certainly solid oxide fuel cells are one very promising market But we believe the alloy business has the potential to be much more significant over time and it is It is It is an area where the science is really well understood. Let me tell you what Scandium does in an aluminum alloy It improves well first of all it improves the strength in any aluminum alloy some more than others But but it gives a strength push to all of the different families. It improves corrosion resistance. It makes it makes a weldable alloy Weldable it preserves weld ability and many alloys lose their weld ability And it does all of these things without without ruining the wonderful Mechanical properties of basic aluminum the plasticity the ductility that the shape the shape forming ability that engineers and People making products absolutely love about aluminum. So it's just the latest best Well-known Additive to aluminum alloys to make them that much better. Let me tell you I Mean that that in itself is exciting But if you just sort of step back from this and look at this this big push That's been going on for 50 years between aluminum and steel And there's a frontier here and both these two metals are battling for for new applications on the edge When you put a new alloy when you expand the capabilities of a particular alloy aluminum alloy You push back that frontier and that is a though. We're talking big numbers here So it's very exciting to to come with with the potential for it for a new Much improved aluminum alloy and to where it can go in marketplace And speaking of the marketplace, it's my understanding that this is kind of a chicken and egg situation with Scandium The more supply we have the more demand there will be and I understand that there are a lot of companies currently Interested in off-take agreements are your phones ringing right now George? I guess that's the only way I can ask this question We are very interested in off-take agreements as are all the others in this space to demonstrate to Investors and to demonstrate to the markets that all these things that we talk about are our True and real we're convinced off-take agreements help us convince our investors we have We have wanted to move our project along to the point where we really understood our costs and we understood our process we are at that point now and So we're in a great position to go out and talk to people about selling them Scandium in a couple of years and yes we're we're busy doing that and We actually wish all of our competitors success in this in this space as well the more Scandium there is On offer through multiple businesses the bigger and faster this market is going to grow Okay, that's very exciting and speaking of exciting What should we as shareholders anticipate and say the next couple of quarters at this point? We put our heads down we go start working on this definitive feasibility study in earnest of the DFS. We have Quotes in hand from a number of engineering firms. We need to sort through those now and make a make a choice We started this search for our definitive feasibility study engineering firm back around PDAC around March We have more than four People interested We have we have we have we have a number of options one of the things we're going to do with the DFS is the same thing That we did with the PEA We're going to build a little bit of an all-star team and we're going to use some of the same People that were influential on the PEA in the DFS that gets us some nice continuity Well, George, thank you so much for joining us today. We appreciate the update You're welcome. Tracy. It was my pleasure. Nice to see you this morning